Philippines: Loans by micro, small and medium enterprises (MSMEs) that have been guaranteed by a Credit Surety Fund (CSF) Cooperative will now be considered a low-risk debt, the Bangko Sentral ng Pilipinas said on Friday.

The policy-setting Monetary Board has approved the amendments to the risk-based capital adequacy framework for banks, the central bank noted.

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It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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